2009-04-09 Business and Finance News (vsx.com.au)

US trade deficit hits surprise nine-year low
WASHINGTON AFP - The US trade deficit fell more than expected in February to a nine-year low as a prolonged recession sliced imports- the Commerce Department said Thursday. ...
Thu 9th April 2009 - 11:59pm

ASTAR and SMEs in Strategic Partnership to Create Value and Transform Singapores Economy
Singapore- Apr 9- 2009 - ACN Newswire - The Agency for Science- Technology and Research ASTAR announced today at the GET-Up Seminar that more than 250 local Small and Medium Enterprises SMEs- which were on the Growing Enterprises with Technology Upgrade GET-Up programme- projected twice as much revenue and employment growth over the next three years as their counterparts which were not on GET-Up. ...
Thu 9th April 2009 - 11:43pm

Barclays sells iShares to CVC for $4.4 bln
LONDON AFP - British bank Barclays said Thursday it had sold its asset management business iShares to private equity group CVC Capital Partners for 4.4 billion dollars 3.3 billion euros- 3.0 billion pounds. ...
Thu 9th April 2009 - 11:37pm

Ireland slumps into deepest deflation since 1930s
DUBLIN AFP - Irelands shrinking economy slumped further into deflation in March with prices falling 2.6 percent on a 12-month basis- the lowest figure since 1933- official data showed Thursday. ...
Thu 9th April 2009 - 10:57pm

Bank of England holds rates- promises more cash
LONDON AFP - The Bank of England on Thursday froze British interest rates at a record-low 0. ...
Thu 9th April 2009 - 10:56pm

Fujitsu Australia Releases New Research- Green IT- A Convenient Truth
Sydney- Apr 9- 2009 - ACN Newswire - Fujitsu Australia and New Zealand- a leading provider of business- information technology and communications solutions- today released Green IT- A Convenient Truth- a Fujitsu Australia-commissioned research paper that reveals that 95 per cent of Australian firms that have a Green IT policy save money. However- 60 percent of firms have no IT policy concerning the environment. ...
Thu 9th April 2009 - 09:39pm

Euro holds firm- pound slips before UK rate call
LONDON AFP - The euro held firm Thursday but the pound dipped against the dollar in thin pre-holiday trade ahead of a British interest rate decision and amid fears of a worsening recession in Europe. ...
Thu 9th April 2009 - 09:37pm

Ireland slumps further into deflation
DUBLIN AFP - Irelands shrinking economy slumped further into deflation in March with prices falling 2.6 percent on a 12-month basis after a drop of 1.7 percent in February- official data showed Thursday. ...
Thu 9th April 2009 - 09:31pm

Bank of England holds rates at record-low 0.5
LONDON AFP - The Bank of England said Thursday it held interest rates at a record-low 0. ...
Thu 9th April 2009 - 09:28pm

Future uncertain for 150 Kleenmaid employees
Queensland-based company Kleenmaid says it can not guarantee the future of all of its 150 employees. ...
Thu 9th April 2009 - 08:44pm

US economy showing recovery- RBA member
The US economy is showing signs of recovery- while the signs are good for Australia's major Asian trading partners- a Reserve Bank board member says. ...
Thu 9th April 2009 - 08:42pm

Workers disrupt ArcelorMittal management talks
FLORANGE- France AFP - About 300 angry French steel workers burst into a union-management meeting on Thursday at steel giant ArcelorMittal in protest at a decision by the group to further slash output across Europe. ...
Thu 9th April 2009 - 08:36pm

German output decline slows in February
BERLIN AFP - German industrial output fell 2. ...
Thu 9th April 2009 - 08:13pm

Turkmenistan pipeline blast cuts gas to Russia
ALMATY AFP - An explosion on a gas pipeline in the Central Asian state of Turkmenistan halted gas supplies to Russia on Thursday- but was not expected to disrupt supplies to Europe- Russian energy giant Gazprom said. ...
Thu 9th April 2009 - 07:56pm

Motorists get new tool for petrol prices
The NRMA has gone hi-tech in the fight against unfair petrol prices this Easter- urging motorists to use a new website to dob in offending service stations. ...
Thu 9th April 2009 - 07:49pm

World stocks win back ground before Easter break
LONDON AFP - World stock markets advanced Thursday- with Asia boosted by a record new stimulus package in Japan and Europe lifted by overnight US gains before a British interest rate call and the Easter break. ...
Thu 9th April 2009 - 07:48pm

Japans Sumitomo Mitsui bank sees $3.9 bln loss
TOKYO AFP - Sumitomo Mitsui Financial Group- one of Japans top three banks- said Thursday it expected a net loss of 390 billion yen 3.9 billion dollars for the past year to March due to the economic crisis. ...
Thu 9th April 2009 - 07:32pm

Suncorp seeks debt funding term breather
Suncorp-Metway has priced $US2.5 billion $A3.53 billion of debt funding- as the regional bank and insurer seeks to extend the average duration of its funding. ...
Thu 9th April 2009 - 07:31pm

Gym troubles hit 9-000 members
Liquidators for three South Australian Body Workshop gymnasiums are blaming the global financial crisis for the troubles. ...
Thu 9th April 2009 - 07:24pm

Optus may swap fibre-optics for broadband stake
Optus is considering offering the Federal Government its fibre-optic network in return for a stake in the new national broadband company. ...
Thu 9th April 2009 - 07:21pm

ING bank says it will sell $10 bln of assets
THE HAGUE AFP - Dutch bank and insurance group ING said on Thursday it planned to sell assets worth up to eight billion euros 10.64 billion dollars to reduce its risk exposure and to focus on its core business. ...
Thu 9th April 2009 - 07:17pm

Jobless rate to peak after economic rally
Analysts say unemployment will continue to rise over the next year even if the economy stabilises. ...
Thu 9th April 2009 - 07:16pm

Bank of England expected to hold rates steady
LONDON AFP - The Bank of England was expected Thursday to hold British interest rates at a record low 0.5 percent as it mulls the impact of quantitative easing launched last month to boost the recession-hit economy. ...
Thu 9th April 2009 - 07:14pm

Bank of Queensland slashes dividend
The Bank of Queensland has reported a 25 per cent fall in core first-half profits and it has cut its dividend payment to shareholders. ...
Thu 9th April 2009 - 06:29pm

Leighton reshuffles management
Leighton has announced a raft of management changes- including the transfer of its Indonesian operations to the control of Leighton Asia. ...
Thu 9th April 2009 - 06:28pm

BoQ call for one funding guarantee fee
Bank of Queensland Ltd BoQ has called for a uniform fee for all banks accessing the federal government's wholesale funding guarantee. ...
Thu 9th April 2009 - 06:27pm

Bank of Queensland to cut 11 branches
The Bank of Queensland has announced plans to cut 11 branches in New South Wales. ...
Thu 9th April 2009 - 06:13pm

Label error leads to Easter chocolate recall
A batch of wrongly-labelled chocolate Easter hens have been pulled from the shelves because of allergy concerns. ...
Thu 9th April 2009 - 05:51pm

Jacob Zuma and the French connection
A decision by South African prosecutors to drop corruption charges against African National Congress ANC leader Jacob Zuma has divided the country. Andrew Fowler from the ABCs investigative unit looks into the case- ...
Thu 9th April 2009 - 05:35pm

Bonaparte accepts Minemakers' bid
Marine-phosphate mining hopeful Bonaparte Diamond Mines NL has advised its shareholders to accept a $9.1 million scrip takeover offer from Minemakers Ltd. ...
Thu 9th April 2009 - 05:31pm

Queenslands jobless rate jumps to 4.8pc
Unemployment in Queensland is up from 4.5 per cent to 4.8 per cent- pointing to one of the toughest state budgets in 50 years. ...
Thu 9th April 2009 - 05:25pm

FMG details on deals 'appeared adequate'
Fortescue provided the Australian ASX with additional information about deals with Chinese parties that initially appeared to be adequate- a court heard. ...
Thu 9th April 2009 - 05:23pm

Another car parts maker to cut staff
Another car parts maker in Adelaide is cutting staff because of the economic downturn. ...
Thu 9th April 2009 - 05:19pm

Bondis dry dive aims to inspire
From tomorrow- visitors to Bondi Beach will be able to get a taste of what its like to dive in the bay without getting wet. ...
Thu 9th April 2009 - 05:16pm

Fujitsu Establishes PLEMIA Product-Data Management Solution on M3
Tokyo- Apr 9- 2009 - ACN Newswire - Fujitsu Limited and Fujitsu Nagano Systems Engineering Limited today announced that the product data management PDM solution that the Fujitsu Group will now offer has been structured in accordance with the M3 Management 3 concept. ...
Thu 9th April 2009 - 04:58pm

Fujitsu to Exhibit at Japan Design Selection 2009 in Milan
Tokyo- Apr 9- 2009 - ACN Newswire - Fujitsu Limited today announced that it will be an exhibitor at Japan Design Selection 2009- which will run April 21 - 27 in Milan- Italy. ...
Thu 9th April 2009 - 04:57pm

Joint J.P. Morgan and Fujitsu Consulting Australian Mortgage Industry Report
Sydney- Apr 9- 2009 - ACN Newswire - First home buyers borrowing too much money at artificially low interest rates will be more sensitive to the inevitable future rises in unemployment and interest rates- according to a new mortgage industry report. ...
Thu 9th April 2009 - 04:55pm

Dog-friendly Honda Element Concept Transforms SUV into Pet-hauling Champ
Torrance- Calif.- Apr 9- 2009 - ACN Newswire - New dog-friendly transportation concepts designed for the Honda Element add canine-specific enhancements to one of the most dog-friendly vehicles available- American Honda Motor Co.- Inc.- announced at the New York International Auto Show. ...
Thu 9th April 2009 - 04:53pm

Calls for budget relief as Vic jobless rate rises
The unemployment rate in Victoria has increased from 5.6 per cent to 5.7 per cent in seasonally-adjusted terms- while the number of Victorians looking for work fell during the month. ...
Thu 9th April 2009 - 04:51pm

Australia shares up 1.4 pct banks- resources gain
SYDNEY- April 9 - Australian shares rose 1.4 percent on Thursday- with financials finding lift from a U.S. government rescue package for life insurance companies and as resource stocks rose on strong commodities prices. ...
Thu 9th April 2009 - 04:49pm

German govt launches takeover of Hypo Real Estate
FRANKFURT AFP - The German government launched a takeover of troubled Hypo Real Estate bank with the aim of stabilising the financial markets as the worst global slump since the 1930s plays out. ...
Thu 9th April 2009 - 04:36pm

Dalby mine water plan abandoned
A multi-million dollar deal between an energy company and the Dalby Regional Council- to supply the southern Queensland town with water- has fallen through. ...
Thu 9th April 2009 - 04:30pm

Govt to assess investment on merit
The federal government will assess foreign investment on its merits- despite the hysteria over Chinese investment- Resources Minister Martin Ferguson says. ...
Thu 9th April 2009 - 04:28pm

Australia shares up 1.4 pct banks- resources gain
SYDNEY- April 9 - Australian stocks rose 1.4 percent on Thursday as banks gained on hopes a U.S. government rescue package for life insurance companies would boost global financial markets- and as resources stocks benefitted from strong commodities prices. ...
Thu 9th April 2009 - 04:17pm

Proposed light rail bears heavy cost- report
The ACT Government says it is still considering the possibility of light rail in Canberra even though an independent report has found it would cost $2 billion. ...
Thu 9th April 2009 - 04:15pm

Budget pledge halts nurses campaign
The Australian Nursing Federation ANF has cancelled a strike planned for next week because it has been given a funding guarantee from the South Australian Government. ...
Thu 9th April 2009 - 03:59pm

Pulp mill legal challenge fails
Opponents of Gunns proposed pulp mill in Tasmania have lost a court challenge to the Federal Governments approval of the project. ...
Thu 9th April 2009 - 03:38pm

Jobless surge 'first round of bad news'
The jump in the unemployment rate to 5.7 per cent is only the first round of bad news- a leading business lobby group says. ...
Thu 9th April 2009 - 03:37pm

Bendigo keeps SVR rate unchanged at 5.9
Bendigo and Adelaide Bank Ltd has kept its standard variable mortgage interest rate unchanged at 5.9 per cent- citing what it says are high funding costs. ...
Thu 9th April 2009 - 03:34pm

Unemployment numbers dampen market gains
The Australian share market has fallen since the monthly unemployment figures were released despite gains in morning trade. ...
Thu 9th April 2009 - 03:32pm

Pulp mill legal challenge fails
A Federal Court challenge to the Commonwealth approval for Gunns northern Tasmanian pulp mill has been rejected. ...
Thu 9th April 2009 - 03:29pm

Pulp mill legal challenge fails
A Federal Court challenge to the Commonwealth approval for Gunns northern Tasmanian pulp mill has been rejected. ...
Thu 9th April 2009 - 03:28pm

Rates cut tipped after grim jobless figures
Economists say the bigger than expected rise in unemployment in March has increased the chances of another interest rate cut by the Reserve Bank next month. ...
Thu 9th April 2009 - 03:21pm

Calls for budget relief as Vic jobless rate rises
The unemployment rate in Victoria has increased from 5.6 per cent to 5.7 per cent in seasonally-adjusted terms. ...
Thu 9th April 2009 - 03:13pm

BoQ anticipates healthy rise in earnings
Bank of Queensland BoQ Ltd is expecting its annual earnings to rise by 25 per cent- as it makes further efficiency gains. ...
Thu 9th April 2009 - 02:57pm

Data shows rush to buy motorcycles over
The rush by Australians to switch from four wheels to two has taken a blow with sales of motorcycles and scooters falling 15 per cent in the first quarter. ...
Thu 9th April 2009 - 02:41pm

BoQ anticipates healthy rise in earnings
Bank of Queensland BoQ Ltd is expecting its annual earnings to rise by 25 per cent- as it makes further efficiency gains. ...
Thu 9th April 2009 - 02:40pm

Banks reject flow-on of full rate cut
Bank SA says it will not be passing on the full cut in official interest rates by the Reserve Bank. ...
Thu 9th April 2009 - 02:39pm

SA unemployment hits 5.9 per cent
South Australias unemployment rate has risen by 0.2 per cent to 5.9 per cent. ...
Thu 9th April 2009 - 02:37pm

Bank of Queensland to cut 11 branches
The Bank of Queensland has announced plans to cut 11 branches in New South Wales. ...
Thu 9th April 2009 - 02:28pm

SA unemployment hits 5.9 per cent
South Australias unemployment rate has risen by 0.2 per cent to 5.9 per cent. ...
Thu 9th April 2009 - 02:19pm

Jobless figures dampen market gains
The Australian share market has fallen since the monthly unemployment figures were released despite gains in morning trade. ...
Thu 9th April 2009 - 01:59pm

New suburb to be created in Melbournes west
A federal-state partnership has been announced to build a new suburb on a decommissioned defence site in Melbournes west. ...
Thu 9th April 2009 - 01:47pm

SA unemployment hits 5.9 per cent
South Australias unemployment rate has risen by 0.2 per cent to 5.9 per cent. ...
Thu 9th April 2009 - 01:33pm

Market dips following employment figures announcement
The Australian share market has fallen since the monthly unemployment figures were released despite gains in morning trade. ...
Thu 9th April 2009 - 01:27pm

No positives in job figures- Citigroup
Citigroup's chief economist Paul Brennan said he couldn't -amp quotsee any positives -amp quot in the new jobs figures. ...
Thu 9th April 2009 - 01:25pm

Suprema Receives FBI Certification for Ten-print Live Scanner
Seoul- Apr 9- 2009 - ACN Newswire - Suprema- Inc. KQ- 094840- a leading global supplier of fingerprint recognition technology and systems- announced today that the companys RealScan-10 ten-print live scanner tested in full compliance and received certification from the Federal Bureau of Investigation FBI for the agencys Integrated Automated Fingerprint Identification System IAFIS Image Quality Specification IQS Appendix F standards. ...
Thu 9th April 2009 - 01:21pm

Australian Market Report of April 9- Look to Improved Earnings Guidance
Sydney- Australia- Apr 9- 2009 - ABN Newswire - US stocks ended modestly higher overnight amid optimism over retailers improved sales- halting the two days decline. Investors were prepared for a tough reporting season and awaiting favorable earnings guidance for the rest of the year to change the market sentiment.Australian shares closed lowered yesterday as investors expected a further fall on US market. The S -amp ampP-ASX 200 fell 86. ...
Thu 9th April 2009 - 01:18pm

Unemployment surges to 5.7 per cent
Australias unemployment rate surged to 5.7 per cent in March- up from 5.2 per cent in February. ...
Thu 9th April 2009 - 01:17pm

New suburb to be created in Melbournes west
A federal-state partnership has been announced to build a new suburb on a decommissioned defence site in Melbournes west. ...
Thu 9th April 2009 - 12:56pm

No to full rate cut- BankSA
BankSA says it will not be passing on the full amount of the Reserve Banks latest interest rate cut. ...
Thu 9th April 2009 - 12:52pm

No positives in job figures- Citigroup
Citigroup's chief economist Paul Brennan said he couldn't -amp quotsee any positives -amp quot in the new jobs figures. ...
Thu 9th April 2009 - 12:51pm

More cars using toll roads- Transurban
The toll-road operator Transurban Group says aggregate toll revenue from its assets in Australia rose 7.3 per cent to $A243.9 million in the March quarter. ...
Thu 9th April 2009 - 12:50pm

Unemployment surges to 5.7 per cent
Australias unemployment rate jumped half a per cent in March. ...
Thu 9th April 2009 - 12:47pm

Aid workers come under fire in deadly 2008
A review of global peace operations has found 2008 has been the deadliest year to date- with aid work now more dangerous than UN peacekeeping. ...
Thu 9th April 2009 - 12:46pm

SA unemployment hits 5.9 per cent
South Australias unemployment rate has risen by 0.2 per cent to 5.9 per cent. ...
Thu 9th April 2009 - 12:40pm

No to full rate cut- BankSA
BankSA says it will not be passing on the full amount of the Reserve Banks latest interest rate cut. ...
Thu 9th April 2009 - 12:37pm

-amp 39No positives' in job figures- Citigroup
Citigroup's chief economist Paul Brennan said he couldn't -amp quotsee any positives -amp quot in the new jobs figures. ...
Thu 9th April 2009 - 12:34pm

Aussie dlr slips as dour jobs data revives rate risk
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0214 GMTagainst previous Sydney close AUD 0.7077-790.7038-43 AUDNZDR1.2240-551.2340-59 AUDJPYR 70.60-66 70 ...
Thu 9th April 2009 - 12:34pm

SA unemployment hits 5.9 per cent
South Australias unemployment rate has risen by 0.2 per cent to 5.9 per cent. ...
Thu 9th April 2009 - 12:34pm

Forestry workers down tools to save jobs
Timber workers across Australia are taking an extended break to stave off redundancies during the global economic downturn. ...
Thu 9th April 2009 - 12:31pm

Unemployment surges to 5.7 per cent
Australias unemployment rate jumped half a per cent in March. ...
Thu 9th April 2009 - 12:28pm

Joint effort to save timber jobs
Employers and unions in the forestry industry have agreed on a plan to avoid redundancies during the global economic downturn. ...
Thu 9th April 2009 - 12:16pm

New suburb to be created in Melbournes west
A federal-state partnership has been announced to build a new suburb on a decommissioned defence site in Melbournes west. ...
Thu 9th April 2009 - 11:58am

Consumers think inflation is on the rise
Consumer expectations of inflation have risen from a 10-year low but remain within the Reserve Bank of Australia's RBA target band- a survey says. ...
Thu 9th April 2009 - 11:46am

Australia shares up 0.7 pct Adelaide Brighton falls
SYDNEY- April 9 - Australian stocks rose 0.7 percent on Thursday as banks and miners gained on hopes a U.S. government rescue package for life insurance companies would shore up global financial markets. ...
Thu 9th April 2009 - 11:41am

Leighton rebuilds management structure
Leighton Holdings- Australia's biggest construction firm- has announced a raft of management changes. ...
Thu 9th April 2009 - 11:37am

Unemployment surges to 5.7 per cent
Australias unemployment rate jumped half a per cent in March. ...
Thu 9th April 2009 - 11:37am

New suburb to be created in Melbournes west
A federal-state partnership has been announced to build a new suburb on a former defence site in Melbournes west. ...
Thu 9th April 2009 - 11:25am

Surprise jump in Japan machinery orders
TOKYO AFP - Japanese machinery orders- a leading indicator of corporate capital spending- unexpectedly jumped in February from a month earlier- ending a record four months of declines- data showed Thursday. ...
Thu 9th April 2009 - 11:14am

Australia shares up 0.8 pct Bank of Queensland drops
SYDNEY- April 9 - Australian stocks rose 0.8 percent on Thursday as banks and miners rallied on hopes a U.S. government rescue package for life insurance companies would shore up global financial markets- but Bank of Queensland Ltd BOQ fell after cutting its dividend. ...
Thu 9th April 2009 - 11:14am

Microsoft loses $US388m in patent case
A federal jury has ordered Microsoft to pay $US388 million $A547.4 million for infringing an anti-piracy software patent. ...
Thu 9th April 2009 - 10:51am

Police probe platform altercation
Victoria Police are investigating the alleged assault of a passenger by a Connex train driver on Tuesday afternoon. ...
Thu 9th April 2009 - 10:45am

Market gains 1pc in early trade
The Australian share market was more than 1 per cent higher in early trade- after Wall Street recovered overnight. ...
Thu 9th April 2009 - 10:42am

Market gains 1pc in early trade
The Australian share market was more than 1 per cent higher in early trade- after Wall Street recovered overnight. ...
Thu 9th April 2009 - 10:41am

Japan machinery orders up 1.4 percent in February
TOKYO AFP - Japans core machinery orders- a leading indicator of corporate capital spending- posted an unexpected rise of 1.4 percent in February from the previous month- official data showed Thursday. ...
Thu 9th April 2009 - 10:33am

De Beers prepares for turnover to halve- FT
LONDON AFP - South African diamond mining giant De Beers is bracing for turnover to halve this year- as it cuts production amid tumbling diamond prices- the Financial Times reported Thursday. ...
Thu 9th April 2009 - 10:33am

Bank of Queensland profits fall 25
Bank of Queensland has slashed its interim dividend as its first-half net profits fell by 25 per cent. ...
Thu 9th April 2009 - 10:26am

Australia shares up 0.9 pct banks- miners gain
SYDNEY- April 9 - Australian stocks rose 0.9 percent on Thursday as banks and miners gained on expectations that U.S. government efforts to help insurance companies would help stabilise global financial markets. ...
Thu 9th April 2009 - 10:12am

Bank of Queensland slashes dividend
The Bank of Queensland has reported a 29 per cent rise in core first-half profit but it has cut its dividend payment to shareholders. ...
Thu 9th April 2009 - 10:10am

Microsoft loses $US388m in patent case
A federal jury has ordered Microsoft to pay $US388 million $A547.4 million for infringing an anti-piracy software patent. ...
Thu 9th April 2009 - 09:59am

Bank of Queensland profits fall 25
Bank of Queensland has slashed its interim dividend as its first-half net profits fell by 25 per cent. ...
Thu 9th April 2009 - 09:36am

Police probe platform altercation
Victoria Police are investigating the alleged assault of a passenger by a Connex train driver on Tuesday afternoon. ...
Thu 9th April 2009 - 09:33am

Local suppliers to get flood repair preference
Coffs Harbour MP Andrew Fraser has gone into bat for local businesses in the wake of last weeks flooding in northern New South Wales. ...
Thu 9th April 2009 - 09:13am

Moodys cuts AAA rating on Buffetts Berkshire Hathaway
WASHINGTON AFP - Ratings agency Moodys Investors Service downgraded Wednesday the -amp quotAAA -amp quot rating on US billionaire investor Warren Buffetts Berkshire Hathaway- citing damage from falling stocks on its insurance business. ...
Thu 9th April 2009 - 08:48am

Former treasurer wants more Chinese investment
Former Australian treasurer and trade minister John Dawkins says more Chinese investment is needed in Australias mining industry. ...
Thu 9th April 2009 - 08:48am

Sunshine Coast floods to dampen Easter tourism
Federal Government flood relief is being offered to Sunshine Coast residents a week after parts of the region were swamped by heavy rain. ...
Thu 9th April 2009 - 08:43am

US regulators target short selling
The US Securities and Exchange Commission is looking at new rules to curb short-selling of stocks- a practice blamed for collapsing share prices last year. ...
Thu 9th April 2009 - 08:40am

Japanese bankruptcies highest since 2003
Japanese corporate bankruptcies surged to a six-year high last month as more than 1-500 firms- a survey showed on Wednesday. ...
Thu 9th April 2009 - 08:40am

Bailouts cost EU states 3 trillion euros
EU governments have put up about 3 trillion euros to bail out banks with guarantees and cash injections- the European Commission said on Wednesday. ...
Thu 9th April 2009 - 08:39am

Australia shares set to rise on economy optimism
However thin trading ahead of a four-day Easter holiday plus caution after the Federal Reserve lowered U.S. GDP projections for the second half of 2009 and 2010 may keep a lid on any rise. ...
Thu 9th April 2009 - 08:32am

Tripodi defends Easter trading ban
Major retailers in New South Wales will not be able to trade on Easter Sunday- outside of Sydneys CBD and a few exempt precincts. ...
Thu 9th April 2009 - 08:29am

Tarong puts mine plans on hold
One of Queenslands largest energy companies has decided to postpone two controversial mining tenements in the Darling Downs region in the states south. ...
Thu 9th April 2009 - 08:20am

More Chinese investment urged for mining industry
A former Australian treasurer- John Dawkins- says more Chinese investment is needed in Australias mining industry. ...
Thu 9th April 2009 - 08:12am

German and Japanese data jolts investors
German exports slumped and Japan prepared another stimulus package on Wednesday- jolting investors hoping for a return to business as usual. ...
Thu 9th April 2009 - 07:58am

Switzerland offers $US10b to IMF
The Swiss government decided on Wednesday to join efforts to bolster the International Monetary Fund by granting it an extra $US10 billion. ...
Thu 9th April 2009 - 07:50am

Oil prices recover slightly
Oil prices recovered slightly on Wednesday following a less-than-expected increase in US crude reserves. ...
Thu 9th April 2009 - 07:37am

Tripodi defends Easter trading ban
Major retailers in New South Wales will not be able to trade on Easter Sunday- outside of Sydneys CBD and a few exempt precincts. ...
Thu 9th April 2009 - 07:27am

Wall St breaks 2-day losing streak
Stocks on Wall Street have broken a solid two-day losing streak- finishing more than 0.5 per cent higher. ...
Thu 9th April 2009 - 07:18am

Joyce opens door for broadband negotiation
Nationals Senate Leader Barnaby Joyce says his party should look to amend the Governments $43 billion broadband plan- rather than vote against it in the Senate. ...
Thu 9th April 2009 - 02:37am

Barnaby opens door for broadband negotiation
Nationals Senate Leader Barnaby Joyce says his party should look to amend the Governments $43 billion broadband plan- rather than vote against it in the Senate. ...
Thu 9th April 2009 - 02:31am

Oil prices attempt rally after US energy report
LONDON AFP - Oil prices rebounded somewhat on Wednesday- reversing earlier falls as traders digested a less-than-expected increase in US crude reserves and rebounding Wall Street shares. ...
Thu 9th April 2009 - 01:33am

EU savaged over aid package for developing states
BRUSSELS AFP - Non-governmental organisations lashed out Wednesday at the European Union- after its executive arm unveiled a package to help developing nations weather the economic crisis but offered no new money. ...
Thu 9th April 2009 - 01:31am

Russia banking crisis just beginning- top banker
MOSCOW AFP - The head of Sberbank- the biggest Russian bank- said Wednesday the government had not been quick enough in dealing with mounting bad loans and the countrys banking crisis was just beginning. ...
Thu 9th April 2009 - 12:54am

British managers held in French bossnapping
LYON- France AFP - Workers at a British-owned adhesives factory in France held three British executives and a local manager captive on Wednesday over plans to close the site down- the company said. ...
Thu 9th April 2009 - 12:33am

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